Adani Ports rise on completion of Dhamra Port acquisition

Mumbai, Jun 24 :  Shares of Adani Ports and Special Economic Zone Ltd today rose on the back of the company announcing completion of its Dhamra Port takeover. The stock rose to a high of Rs 242 in the opening trade and was trading with a gain of 2 per cent at Rs 240.70 around the mid-day after paring some initial gains at the BSE.

The company yesterday announced that it has completed the acquisition of 100 per cent stake in Dhamra Port from L&T Infrastructure Development Projects Limited\ and Tata Steel. Two other companies of Gautam Adani-led group — Adani Enterprises and Adani Power — also saw rally in their shares.

Adani Enterprises was up 2.25 per cent at Rs 463.90, while Adani Power rose by nearly 2 per cent to Rs 60.15 by mid-day.